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In reply to the discussion: Donald Trump Proposing 50-Year Mortgages Sparks Backlash [View all]OnlinePoker
(6,044 posts)3. When I was posted to Germany in the early 90's, they had 100 year mortgages.
They were intergenerational. Of course all of the homes were constructed of concrete blocks and cost a fortune even then, but you knew they would last that long, unlike a lot of the housing in North America.
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Increased demand, with probably little to no incentives to increase supply to meet that demand.
paleotn
Sunday
#20
$200k borrowed. 30 yr loan payment at 6% $1200. 50 yr. loan pmt $1052. $148 a month diff.
twodogsbarking
Sunday
#14
The interest is the devil for sure. That makes it hard to move when your current rate is below 3%.
twodogsbarking
Sunday
#49
Why is anyone surprised? He doesn't understand anything. He's a hateful dementia ridden moron.
ChicagoTeamster
Sunday
#17
Banks will just repossess the house, sell it, and get another poor fool paying them a 50 year mortgage. nt
SunSeeker
Sunday
#44
IIRC There are Mortgages that go to the deceased person's next of kin upon death in Europe.
Jacson6
Sunday
#34
I refinanced during Covid. I already had a decent rate, think I lowered it by 1.25 or 1.5 percent
AZJonnie
Sunday
#35
50 year mortgage, ten year car payments, student loan debt, full medical premiums with no ACA help
Diamond_Dog
Sunday
#37
How about offering first time home buyers $25,000 toward their down payment, like Kamala did?
SunSeeker
Sunday
#43
If that idea had turned into law, the 60 % of the country who don't have a thousand dollars for an emergency
questionseverything
Sunday
#50
No they wouldn't, most don't pay federal taxes, which is how the down payments would be funded.
SunSeeker
Sunday
#52